There was a sudden sell down at 2PM yesterday that resulted many people who took profit or cut loss. I was conned into selling Capitaland at a small profit and subsequently saw it bounce back. I almost sold of GoldenAgri but managed to convince myself to stick to my trading rules and not succumbing to emotions.
My decision to stick to rules proved to be correct and the market bounce back and close only slightly lower.
Today, he market rally back again.
I added Cosco back after twice I sold off too early resulting in small profits each time. However, based on the chart and indicator, this counter still have not realised its potential and there are still a lot of room to move. Again, I failed to follow the rules and resulted in missing the big portion of profits.
After selling down yesterday, my portfolio is now at about 7.2% positive. This is down by almost 3%.
This web log was initially created for people who trade Singapore Stocks over "weekends". It has now evolved into real trading logs and analysis of market and stock situations using technical analysis. This becomes a record of my trading and lessons learned from trading. For more trading lessons please visit: Good Investing Lessons or Good Investing Lessons (Old)
Thursday, July 30, 2009
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About Me
- ES Sei
- I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。
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